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Re: who is bailing on stocks? [Re: rocksmopar] #2747299
02/28/20 09:26 AM
02/28/20 09:26 AM
Joined: Sep 2007
Posts: 1,052
Ont, Canada
gygeneral Offline
super stock
gygeneral  Offline
super stock

Joined: Sep 2007
Posts: 1,052
Ont, Canada
Dont bail, keep thinking half of people are selling and there are half that are buying. There is two sides to the equation.

Re: who is bailing on stocks? [Re: gygeneral] #2747302
02/28/20 09:53 AM
02/28/20 09:53 AM
Joined: Dec 2003
Posts: 6,704
KY
65pacecar Offline
master
65pacecar  Offline
master

Joined: Dec 2003
Posts: 6,704
KY
Not selling and planning to buy when it looks like certain stocks have hit the bottom on this swing.

Re: who is bailing on stocks? [Re: 65pacecar] #2747315
02/28/20 10:29 AM
02/28/20 10:29 AM
Joined: Jan 2003
Posts: 12,422
Warren, MI
71TA Offline
I Live Here
71TA  Offline
I Live Here

Joined: Jan 2003
Posts: 12,422
Warren, MI
I learned WAY too late in life (57 now) that the world doesn't come to an end in hard times. I'm probably getting BACK into the market, on a dollar cost averaging basis. Actually during the last downturn I got a NICE 5000 industrial building for $100k. They are going for $300k and up. 10,000ft buildings are around a million now. Secretly hoping for a slowdown since everything I own is paid for; house, building, vehicles, etc.We all knew this was coming.


www.DetroitMuscleTechnologies.com Mopar body and heater box restoration gaskets
Re: who is bailing on stocks? [Re: 71TA] #2747320
02/28/20 10:42 AM
02/28/20 10:42 AM
Joined: Jan 2003
Posts: 25,851
United Socialist States of Ame...
T
tboomer Offline
Too Many Posts
tboomer  Offline
Too Many Posts
T

Joined: Jan 2003
Posts: 25,851
United Socialist States of Ame...
It's not looking good for us guys that are ready to retire...


The end is near.....
Re: who is bailing on stocks? [Re: tboomer] #2747331
02/28/20 11:24 AM
02/28/20 11:24 AM
Joined: Jan 2003
Posts: 2,094
central texas
K
krautrock Offline
top fuel
krautrock  Offline
top fuel
K

Joined: Jan 2003
Posts: 2,094
central texas
Originally Posted by tboomer
It's not looking good for us guys that are ready to retire...


yep, that's the tough spot. the people that are about to retire and watching their investments plunge. sure all the value will come back by staying in (not selling and locking in those losses)...but it might take a few years.

last year i was happy with my return in my 401k and i rebalanced heavily in bonds, missed on some earnings since but all that has been retracted now. waiting for the bottom and then everything back into the aggressive funds...probably bump my contributions up significantly too.

Re: who is bailing on stocks? [Re: krautrock] #2747333
02/28/20 11:30 AM
02/28/20 11:30 AM
Joined: Jan 2003
Posts: 25,851
United Socialist States of Ame...
T
tboomer Offline
Too Many Posts
tboomer  Offline
Too Many Posts
T

Joined: Jan 2003
Posts: 25,851
United Socialist States of Ame...
Originally Posted by krautrock
Originally Posted by tboomer
It's not looking good for us guys that are ready to retire...


yep, that's the tough spot. the people that are about to retire and watching their investments plunge. sure all the value will come back by staying in (not selling and locking in those losses)...but it might take a few years.

last year i was happy with my return in my 401k and i rebalanced heavily in bonds, missed on some earnings since but all that has been retracted now. waiting for the bottom and then everything back into the aggressive funds...probably bump my contributions up significantly too.






I just got done moving some things around,hopefully for the better...This virus scare reminds me of the show on tv a while back..."The last ship" Where is the USS Nathan James? wave

Re: who is bailing on stocks? [Re: tboomer] #2747335
02/28/20 11:36 AM
02/28/20 11:36 AM
Joined: Feb 2007
Posts: 5,409
Michigan
O
oldjonny Offline
Don't argue with me.
oldjonny  Offline
Don't argue with me.
O

Joined: Feb 2007
Posts: 5,409
Michigan
Originally Posted by tboomer
Originally Posted by krautrock
Originally Posted by tboomer
It's not looking good for us guys that are ready to retire...


yep, that's the tough spot. the people that are about to retire and watching their investments plunge. sure all the value will come back by staying in (not selling and locking in those losses)...but it might take a few years.

last year i was happy with my return in my 401k and i rebalanced heavily in bonds, missed on some earnings since but all that has been retracted now. waiting for the bottom and then everything back into the aggressive funds...probably bump my contributions up significantly too.






I just got done moving some things around,hopefully for the better...This virus scare reminds me of the show on tv a while back..."The last ship" Where is the USS Nathan James? wave


The term 'scare' seems to be the operative word. I know a couple of MD's and they indicate that this is WAY overblown. Just the fact that the number of people that are infected with common flu and have died from it versus the number with this latest virus..not even close. For that matter, it is estimated that 280K+ die in the US EVERY YEAR from obesity. So, order up those Whoppers for lunch.


Never, ever argue with an IDIOT. They will drag you to their level and then beat you with their years of experience
Re: who is bailing on stocks? [Re: oldjonny] #2747344
02/28/20 11:54 AM
02/28/20 11:54 AM
Joined: Jan 2003
Posts: 2,094
central texas
K
krautrock Offline
top fuel
krautrock  Offline
top fuel
K

Joined: Jan 2003
Posts: 2,094
central texas
Originally Posted by oldjonny
Originally Posted by tboomer
Originally Posted by krautrock
Originally Posted by tboomer
It's not looking good for us guys that are ready to retire...


yep, that's the tough spot. the people that are about to retire and watching their investments plunge. sure all the value will come back by staying in (not selling and locking in those losses)...but it might take a few years.

last year i was happy with my return in my 401k and i rebalanced heavily in bonds, missed on some earnings since but all that has been retracted now. waiting for the bottom and then everything back into the aggressive funds...probably bump my contributions up significantly too.






I just got done moving some things around,hopefully for the better...This virus scare reminds me of the show on tv a while back..."The last ship" Where is the USS Nathan James? wave


The term 'scare' seems to be the operative word. I know a couple of MD's and they indicate that this is WAY overblown. Just the fact that the number of people that are infected with common flu and have died from it versus the number with this latest virus..not even close. For that matter, it is estimated that 280K+ die in the US EVERY YEAR from obesity. So, order up those Whoppers for lunch.


the reason the markets are falling is not because of how deadly the virus is, but because it is so contagious and it is spreading all over the world and completely disrupting normalities. spending is going to retract (businesses worldwide have already stopped flying people for events), people are going cancel vacations, people won't want to fly, they will quit going out as much...consumer spending is going to drop.
also, china was basically idle for what? a few months? production worldwide is going to fall, this could be a worldwide recession.

Re: who is bailing on stocks? [Re: rocksmopar] #2747346
02/28/20 11:59 AM
02/28/20 11:59 AM
Joined: Jan 2003
Posts: 22,900
Gabba Gabba Hey! NYC
Diego (not Ted) Offline
Too Many Posts
Diego (not Ted)  Offline
Too Many Posts

Joined: Jan 2003
Posts: 22,900
Gabba Gabba Hey! NYC
Originally Posted by rocksmopar

Wait a week and buy not sell...


Anyone scared about the stock market dip should take this advice, if not stand pat. Famous last words, of course.

Re: who is bailing on stocks? [Re: oldjonny] #2747347
02/28/20 12:02 PM
02/28/20 12:02 PM
Joined: Nov 2003
Posts: 10,228
Colleyville
3hundred Offline
I Live Here
3hundred  Offline
I Live Here

Joined: Nov 2003
Posts: 10,228
Colleyville
Originally Posted by oldjonny
Originally Posted by tboomer
Originally Posted by krautrock
Originally Posted by tboomer
It's not looking good for us guys that are ready to retire...


yep, that's the tough spot. the people that are about to retire and watching their investments plunge. sure all the value will come back by staying in (not selling and locking in those losses)...but it might take a few years.

last year i was happy with my return in my 401k and i rebalanced heavily in bonds, missed on some earnings since but all that has been retracted now. waiting for the bottom and then everything back into the aggressive funds...probably bump my contributions up significantly too.






I just got done moving some things around,hopefully for the better...This virus scare reminds me of the show on tv a while back..."The last ship" Where is the USS Nathan James? wave


The term 'scare' seems to be the operative word. I know a couple of MD's and they indicate that this is WAY overblown. Just the fact that the number of people that are infected with common flu and have died from it versus the number with this latest virus..not even close. For that matter, it is estimated that 280K+ die in the US EVERY YEAR from obesity. So, order up those Whoppers for lunch.


Fear sells newspapers and generates clicks, that is all...


'68 Fury Convertible
'69 300 Convertible
'15 Durango 5.7 Hemi
'16 300 S Hemi
Re: who is bailing on stocks? [Re: 3hundred] #2747425
02/28/20 03:43 PM
02/28/20 03:43 PM
Joined: Oct 2003
Posts: 7,135
my own world
theraif Offline
master
theraif  Offline
master

Joined: Oct 2003
Posts: 7,135
my own world
panic all going to die

Re: who is bailing on stocks? [Re: theraif] #2747435
02/28/20 04:05 PM
02/28/20 04:05 PM
Joined: Jan 2003
Posts: 7,471
Minnesota
Hemi_Joel Offline OP
master
Hemi_Joel  Offline OP
master

Joined: Jan 2003
Posts: 7,471
Minnesota
I sold all my stocks on Wednesday and my mutual funds on Thursday. I look at it as profit-taking while the profit is still there. Sure I gave up something by not selling at the exact peak. But that's usually not possible. I don't normally try to time the market, that's pretty difficult to do. I'm in it for long-term appreciation, and dividends. I use dollar cost averaging which to some extent takes advantage of the corrections that are bound to happen. But this dip scares me. I want to be safe against getting wiped out if this is the big one. I'm old now, I don't have 10 or 20 years to recover.


[img]http://i.imgur.com/boeexFms.jpg[/img]
31 Plymouth Coupe, 392 Hemi, T56 magnum
RS23J71
RS27J77
RP23J71
RO23J71
WM21J8A
I don't regret the things I've done. I only regret the things I didn't do.
"Wise men talk because they have something to say; fools because they have to say something. ~ Plato"
Re: who is bailing on stocks? [Re: Hemi_Joel] #2747441
02/28/20 04:19 PM
02/28/20 04:19 PM
Joined: Oct 2007
Posts: 3,857
Oregon
hooziewhatsit Offline
master
hooziewhatsit  Offline
master

Joined: Oct 2007
Posts: 3,857
Oregon
confused

2020-02-28_1210.png

If you ever find yourself in a fair fight, your tactics suck.
Re: who is bailing on stocks? [Re: hooziewhatsit] #2747442
02/28/20 04:23 PM
02/28/20 04:23 PM
Joined: Feb 2005
Posts: 20,116
PA.
pittsburghracer Offline
"Little"John
pittsburghracer  Offline
"Little"John

Joined: Feb 2005
Posts: 20,116
PA.
I bought 1000 shares of SDRL at .94 this morning and it’s at 1.07 now. I should sell and buy some New Balance tennis shoes.


1970 Duster
Edelbrock headed 408
5.984@112.52
422 Indy headed small block
5.982@112.56 mph
9.42@138.27

Livin and lovin life one day at a time




Re: who is bailing on stocks? [Re: pittsburghracer] #2747466
02/28/20 05:45 PM
02/28/20 05:45 PM
Joined: Jan 2011
Posts: 15,713
Central Florida
larrymopar360 Offline
Stud Muffin
larrymopar360  Offline
Stud Muffin

Joined: Jan 2011
Posts: 15,713
Central Florida
I am not in stock market. I have excellent retirement, some cash, and recently put money in a CD since the rates rebounded a little. I have a pretty good chunk at 2.85% which is pretty good compared compared to about five years ago. I'm playing it safe.

However, I have to agree with others; considering the main cause of the dip in the market, I would NOT be considering bailing now. First, I would expect it to bottom out very soon, and second, I would expect a rebound very soon.


Facts are stubborn things.
Re: who is bailing on stocks? [Re: Hemi_Joel] #2747483
02/28/20 06:20 PM
02/28/20 06:20 PM
Joined: Feb 2014
Posts: 1,695
central il.
S
second 70 Offline
top fuel
second 70  Offline
top fuel
S

Joined: Feb 2014
Posts: 1,695
central il.
The SP 500 is still over 2900 it was just overbought and will probably be over 3000 at the end of the year. A 10-15 % correction isn't uncommon it's just now since the point loss is high people get scared and the percentage isn't terrible. I put in low limit orders in that hit this week so I ended up buying $45,000 more @ sale prices and still have some too low that might not ever get filled. Kinda like low balling a car dealer bid low and see if they get desperate enough to sell. Limit orders can be good for 60 days It doesn't cost anything if your price is too low to buy (no sale) but if you get it at a price you're willing to pay great. Look at the move today you can't time that. They're not going to let this market crash in an election year.

History shows if you sell by the time you feel safe enough to buy again you will be buying it higher than you sold it for.

Mike

Re: who is bailing on stocks? [Re: second 70] #2747501
02/28/20 07:29 PM
02/28/20 07:29 PM
Joined: Mar 2004
Posts: 913
Unfortunately back in New York
N
Nukechargerboy Offline
super stock
Nukechargerboy  Offline
super stock
N

Joined: Mar 2004
Posts: 913
Unfortunately back in New York
October 2018 was bad, I lost approximately 117,000 in my 401k. By March I was back up and then some. I know it's been a rapid decline, but stay the course. I'm sorry for those who will retire soon are taking a beating, but you should stay in for the long haul.

Re: who is bailing on stocks? [Re: Nukechargerboy] #2747511
02/28/20 07:53 PM
02/28/20 07:53 PM
Joined: May 2018
Posts: 92
Minnesota
TrackPack Offline
member
TrackPack  Offline
member

Joined: May 2018
Posts: 92
Minnesota
I moved 75% of my 401K holdings into a stable value fund today, but will continue to buy along with a company match. I'll be back in when all of this overblown hype is over with. 2019 was my best year ever.

Re: who is bailing on stocks? [Re: TrackPack] #2747521
02/28/20 08:15 PM
02/28/20 08:15 PM
Joined: Feb 2005
Posts: 20,116
PA.
pittsburghracer Offline
"Little"John
pittsburghracer  Offline
"Little"John

Joined: Feb 2005
Posts: 20,116
PA.




Originally Posted by TrackPack
I moved 75% of my 401K holdings into a stable value fund today, but will continue to buy along with a company match. I'll be back in when all of this overblown hype is over with. 2019 was my best year ever.




How much did that move cost you. Damn.


1970 Duster
Edelbrock headed 408
5.984@112.52
422 Indy headed small block
5.982@112.56 mph
9.42@138.27

Livin and lovin life one day at a time




Re: who is bailing on stocks? [Re: pittsburghracer] #2747535
02/28/20 08:55 PM
02/28/20 08:55 PM
Joined: Jul 2008
Posts: 30,253
Florida STAYcation
dIc dOc Deity ! Offline
The village idiot's idiot
dIc dOc Deity !  Offline
The village idiot's idiot

Joined: Jul 2008
Posts: 30,253
Florida STAYcation
My small orchard of apples went down many MANY cHeEzY burghers ... frown

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